
Cryptomancer
941 posts

Cryptomancer
@MancerCrypto
Former friendtech enthusiast, current general degen


1/n - Why I chose $PEPE as my fighter over $WIF and $BONK




A lot of people took yesterday's @chainalysis report to suggest that the TRUMP token was a mass onboarding event, primarily because 50% of TRUMP/MELANIA token holder wallets were net new to SOL altcoins, but that continues to make the same wallet/user fallacies and misses the distinction between interest in TRUMP vs onchain users that are value additive and contribute capital to the broader ecosystem. In the last 30 days, other than Moonshot, other large access points to the token have had their app store rank go DOWN, not up. Meaning, moonshot was likely the access point for almost every brand new user (and many of the current users who wanted to quickly fund fiat) in the US/EU/CAN/AUS/UK and unsurprisingly activity is in a free fall And those wallets are by in large not transacting with any other applications In fact, the total crypto market cap is lower than it was when the token was launched, implying that the capital was not net new and/or any gains or net new capital is flowing out of crypto. With all that said, i've been getting a lot of people reaching out about the token and asking questions about the space. So it's clear that it brought attention and eyeballs in what today, is ultimately an attention economy. But calling it onboarding, at least with the data we have today, is a major stretch. s/o @ElBarto_Crypto and the @artemis team for helping me think through this




🟢 NFT Legend Box eligibility and allocation checker is now LIVE. Link your wallet now and see what’s waiting for you: mintchain.io/airdrop/nft-le… Learn more & how to claim your NFT Legend Box below.






The EigenLayer Season 2 checker is live! Check your $EIGEN earned with rswETH during EigenLayer Season 2: app.swellnetwork.io/stake/rswETH 100% of the 1,408,243 $EIGEN allocated to rswETH will be distributed to restakers, and claims will go live within the next few days. Note that $EIGEN is not currently transferable. Who’s eligible? rswETH holders during EigenLayer Season 2 (March 15th to August 15th, 2024). The snapshot was taken on August 15th, 2024 at 22:26:59 UTC (Block #20537000). How was the allocation determined? As a liquid restaking protocol, Swell is acting as a proxy to distribute $EIGEN to eligible restakers. The distribution adopted by EigenLayer is fully linear, based on the amount and the duration of the stake. To maintain consistency and fairness, Swell has distributed $EIGEN between rswETH holders with the same approach. More information on EigenLayer's distribution criteria can be found in their blog: blog.eigenfoundation.org/season-2-stake… How long will I have to claim? $EIGEN Season 2 claims will be open for six months. What about swETH? If you held swETH on EigenLayer during Season 2, you can claim your $EIGEN directly via the EigenLayer Portal: claims.eigenfoundation.org Support is available in the Swell Discord or via the app. Happy checking!













